Salt Lake City, Utah Money Market Rates - October 2026
Brian McKay
Brian McKay
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Salt Lake City, Utah money market account rates range from 0.50% to 4.00% APY, verified by MonitorBankRates as of October 14, 2026. Current Salt Lake City, Utah and the surrounding area money market deposit account rates include Chartway Credit UnionChartway Credit Union2210 S State St, Salt Lake City, UT 84115A5.0 ★Texas Ratio: 10.30%Real return: +1.20%APY minus 2.8% CPI (February 2026) Money Market Plus at 4.00% APY, Cyprus Federal Credit UnionCyprus Federal Credit Union5750 S Redwood Rd, Salt Lake City, UT 84123 5356A+5.0 ★Texas Ratio: 2.73%Real return: +1.20%APY minus 2.8% CPI (February 2026) Business Sweep Money Market at 4.00% APY, Granite Federal Credit UnionGranite Federal Credit Union3675 S 900 E, Salt Lake City, UT 84106A+5.0 ★Texas Ratio: 3.94%Real return: +1.20%APY minus 2.8% CPI (February 2026) Business Builder Money Market at 4.00% APY, Utah First Federal Credit UnionUtah First Federal Credit Union200 E South Temple, Salt Lake City, UT 84111A+5.0 ★Texas Ratio: 1.01%Real return: +1.10%APY minus 2.8% CPI (February 2026) Money Market at 3.90% APY, and America First Federal Credit UnionAmerica First Federal Credit Union6924 S 2300 E, Salt Lake City, UT 84121A5.0 ★Texas Ratio: 8.33%Real return: +1.10%APY minus 2.8% CPI (February 2026) Business Money Market Savings at 3.90% APY. Money market rates as of October 14, 2026 according to verified data from MonitorBankRates.
Salt Lake City has 23 local institutions in our database, with money market rates as high as 4.00% APY from Chartway Credit Union at 2210 S State St, Salt Lake City, UT 84115. Use the table below to compare all available offers, including options from institutions serving the broader Utah area. Rates are continually updated, so we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Salt Lake City, Utah and surrounding area. Last Updated and Verified: October 14, 2026
Compare the Best Money Market Rates Today in Salt Lake City, Utah & the Surrounding Area
Balance: $1,000,000 and over; Includes 0.25% APY Relationship Bonus (requires personal or business checking and $10,000 ADB in Money Market Plus)
Balance: $1,000,000.00 and over; Declared, paid and compounded monthly
Balance: $0 - $9,999
Balance: $1,000,000 and over
Balance: $1,000,000 and over
- Oct 9, 20263.90%▲ from 2.70%
- Sep 29, 20262.70%first recorded
Balance: $1,000,000.00+; Open Online
- Oct 13, 20263.90%▲ from 1.00%
- Sep 14, 20261.00%first recorded
Balance tier: MMA Min Balance $1,00,000.00 (as printed); Monthly Fee: $10
Balance: $1,000,000 and over
Balance: $1,000,000+
Balance: $500,000 - $999,999; Includes 0.25% APY Relationship Bonus (requires personal or business checking and $10,000 ADB in Money Market Plus)
Balance: $1,000,000.00 and over; Declared, paid and compounded monthly
Balance tier: MMA Min Balance $500,000.00; Monthly Fee: $10
Balance: $1,000,000.00 and over; Declared, paid and compounded monthly
Balance: $0; Personal accounts only; variable rate, may change after account opening
Balance: $1,000,000 and over
- Oct 5, 20263.60%▲ from 3.55%
- Sep 14, 20263.55%first recorded
Balance: $250,000.00 to $499,999.99; Declared, paid and compounded monthly
Balance: $200,000 and over; Online Only - Apply Here or In Branch
Balance: $0.00 to $4,999.99; Declared, paid and compounded monthly
- Oct 9, 20263.50%▲ from 3.45%
- Sep 21, 20263.45%▼ from 3.50%
- Sep 14, 20263.50%first recorded
Balance tier: MMA Min Balance $250,000.00; Monthly Fee: $10
Balance: $250,000 - $999,999.99
Balance: $250,000 - $999,999.99
- Oct 9, 20263.45%▲ from 2.70%
- Sep 29, 20262.70%first recorded
Balance: $250,000.00-$999,999.99; Open Online
- Oct 13, 20263.45%▲ from 1.00%
- Sep 14, 20261.00%first recorded
Balance: $500,000-$999,999
Balance: $500,000-$999,999
Balance: $25,000 to $49,999.99; Rates for ZIP 55402; new clients only; requires deposit of at least $25,000 within 30 days of opening and minimum daily balance of $25,000
Balance: $250,000.00 to $499,999.99; Declared, paid and compounded monthly
Balance: $250,000-$499,999
Balance: $250,000-$499,999
Balance: $250,000.00 to $499,999.99; Declared, paid and compounded monthly
Balance: $250,000 and over; Paid: Monthly
Balance: $250,000 and Greater
Balance: $250,000 - $999,999
- Oct 5, 20263.25%▲ from 3.20%
- Sep 14, 20263.20%first recorded
Published APY range: 3.10% - 2.55%. Balance: $25,000 - $49,999
$250k; Balance: $250,000 - $749,999.99
Balance: $150,000.00 - $199,999.99; Online Only - Apply Here or In Branch
Balance: $100,000.00 to $249,999.99; Declared, paid and compounded monthly
Balance tier: MMA Min Balance $100,000.00; Monthly Fee: $10
Balance: $100,000+; Paid Monthly
Balance: $100,000 - $249,999
Balance: $100,000 - $249,999.99
Balance: $100,000.00-$249,999.99; Open Online
- Oct 13, 20262.70%▲ from 1.00%
- Sep 14, 20261.00%first recorded
Balance: $100,000 - $249,999; Paid: Monthly
Balance: $100,000 - $249,999.99; Includes 0.25% APY Relationship Bonus (requires personal or business checking and $10,000 ADB in Money Market Plus)
Balance: $100,000 - $249,999.99
Balance: $100,000-$249,999
Balance: $100,000-$249,999
Balance: $100,000.00 to $249,999.99; Declared, paid and compounded monthly
Published APY range: 2.55% - 1.50%. Balance: $50,000 +
Balance: $2,500+; Dividends: Monthly
$100k; Balance: $100,000 - $199,999.99
Balance: $100,000.00 to $249,999.99; Declared, paid and compounded monthly
Balance: $100,000.00 - $149,999.99; Online Only - Apply Here or In Branch
Balance: $1,000,000+; Avoid $25 monthly service fee with $2,500 minimum
Balance: $100,000 - $249,999
- Oct 5, 20262.45%▲ from 2.40%
- Sep 14, 20262.40%first recorded
Published APY range: 2.38% - 3.50%. Balance: $5,000.00 to $19,999.99; Declared, paid and compounded monthly
Balance: $50,000.00 to $99,999.99; Declared, paid and compounded monthly
Min. Balance/Mo. Fee: $250,000.00/; Max Balance: $25,000,000.00
Balance: $250,000.00 - $25,000,000.00; Monthly fee:; Max balance: $25,000,000.00; Deposits placed in ICS are subject to terms, conditions, and disclosures in applicable agreements
Balance: $500,000 - $999,999; Avoid $25 monthly service fee with $2,500 minimum
- Oct 4, 20262.22%▲ from 2.02%
- Sep 20, 20262.02%first recorded
Balance: $250,000 - $499,999; Avoid $25 monthly service fee with $2,500 minimum
- Oct 4, 20262.07%▲ from 1.76%
- Sep 20, 20261.76%first recorded
Minimum: $2,500 (Money Market) | $25 (Savings); Balance: $250,000+
Balance: $500,000 +; $1,000 minimum to avoid $10 monthly service charge; Not available for IRAs or Business; Promotion may be discontinued at any time; Open Online
$25k; Balance: $25,000 - $49,999.99
Balance: $50,000.00 - $99,999.99; Online Only - Apply Here or In Branch
Balance: $250,000 - $499,999; $1,000 minimum to avoid $10 monthly service charge; Not available for IRAs or Business; Promotion may be discontinued at any time; Open Online
Balance: $90,000 - $249,999; $1,000 minimum to avoid $10 monthly service charge; Not available for IRAs or Business; Promotion may be discontinued at any time; Open Online
Balance: $100K to $1M; Interest bearing-tiered account; $1,000 daily minimum balance to avoid service charge; One free wire transfer per month; Up to six third-party withdrawals/checks per month
- Sep 27, 20261.41%▲ from 1.35%
- Sep 14, 20261.35%first recorded
Balance: $25,000.00 - $49,999.99; Online Only - Apply Here or In Branch
Balance: $15,000 and over; $1,000 minimum to earn interest and avoid $12 monthly service charge; Maximum $100,000 deposit per client; Open Online
$2.5k; Balance: $2,500 - $24,999.99
Balance: $90,000 and over; $1,000 minimum to earn interest; $1,000 to avoid $10 monthly service charge; Open in Branch
Balance: $1,000 - $89,999; $1,000 minimum to earn interest; $1,000 to avoid $10 monthly service charge; Open in Branch
Balance: $1,000 - $14,999; $1,000 minimum to earn interest and avoid $12 monthly service charge; Maximum $100,000 deposit per client; Open Online
Balance: $50,000 - $99,999; Avoid $25 monthly service fee with $2,500 minimum
- Oct 4, 20260.50%▼ from 1.51%
- Sep 20, 20261.51%first recorded
Minimum: $2,500 (Money Market) | $25 (Savings); Balance: $25,000 - $99,999
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
Salt Lake City, UT Money Market Rate Trends
Compare local Salt Lake City, UT money market quotes against the statewide average
Daily money market rate averages tracked across our database of 8,500+ banks and credit unions, updated every evening.
Utah high-yield MMA rates rose 0.023 points over the past 7 days to 3.263% APY.
Utah standard MMA rates fell 0.011 points over the past 7 days to 0.850% APY.
Salt Lake City, Utah Money Market Rate Forecast, Next 12 Months
Money market rates move with Federal Reserve policy. Our model uses the current UT high-yield MMA average and a Fed funds spread to project the likely rate trajectory for 2026 to 2027.
Money market account rates are variable and move in close correlation with the Federal Reserve’s federal funds rate target. Our 12-month forecast is derived from the current UT high-yield money market average of 3.263% APY and a Fed funds spread model calibrated to the historical relationship between policy rate changes and deposit rate adjustments at banks and credit unions.
Key assumptions: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; deposit rates at banks and credit unions track policy-rate changes within 60 to 90 days. High-yield money market rates tend to adjust faster than standard branch-based accounts.
Important notice: This forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions in Salt Lake City, Utah.
Money Market Account Earnings in Salt Lake City, Utah
Annual interest earnings at current UT average APYs, based on the high-yield and standard money market averages tracked in our database. Balances reflect the higher minimums typical of money market accounts. Compounding assumed monthly.
| Balance | HY Money Market (3.263% APY) | Monthly Earnings | Standard MMA (0.850% APY) | Monthly Earnings |
|---|---|---|---|---|
| $10,000 | $326.32 / year | $27.19 | $85.04 / year | $7.09 |
| $25,000 | $815.80 / year | $67.98 | $212.60 / year | $17.72 |
| $50,000 | $1,631.60 / year | $135.97 | $425.20 / year | $35.43 |
| $100,000 | $3,263.20 / year | $271.93 | $850.40 / year | $70.87 |
| Earnings estimates use daily compounding. Actual earnings depend on exact rate, compounding frequency, rate tier, and daily balance maintained. Rates are variable and subject to change. Source: Salt Lake City, Utah money market rate averages as of October 14, 2026. | ||||
About Our Salt Lake City, Utah Money Market Rate Database
MonitorBankRates found 23 institutions with branches in Salt Lake City (9 banks, 14 credit unions). Our proprietary aggregation system pulls verified rate data directly from each institution’s official website, no estimates, no national averages passed off as real offers.
Every rate listed includes the institution’s Safety Grade (A+ to F), Star Rating (1 to 5), and Texas Ratio, objective financial health metrics calculated from FDIC and NCUA regulatory data, so you can compare yield and institutional safety in one place.
Current top rate: Chartway Credit Union offers a money market account at 4.00% APY. Use the rate table above to compare all current offers in Salt Lake City, Utah.
How to Find the Best Money Market Rates in Salt Lake City, Utah
What to compare when shopping for a money market account in Salt Lake City, Utah
To find the best money market APYs in Salt Lake City, Utah, start with credit unions and online-only banks: Salt Lake City, Utah has 14 credit unions in our database, and they consistently offer some of the highest yields because they are member-owned nonprofits with lower overhead than traditional banks.
Always compare the APY (Annual Percentage Yield), not just the interest rate, and pay close attention to balance tiers. Many money market accounts only pay their advertised top rate above a minimum balance of $1,000 to $25,000, with lower rates (or monthly fees) below that threshold. The current UT high-yield money market average is 3.263% but top local institutions are offering as high as 4.00%, so shopping around pays off.
Unlike a CD, money market rates are variable. Your rate can change at any time with Federal Reserve policy. Also check check-writing and debit card limits: most MMAs allow a set number of withdrawals per month, and exceeding the limit can trigger fees. Review your account periodically to ensure your APY remains competitive.
When a Money Market Account Makes Sense
- Emergency fund with flexibility: You get savings-level yields plus limited check-writing and debit access. Salt Lake City, Utah high-yield money market rates currently average 3.263% APY, far above a typical checking account.
- Larger balances ($10,000+): Many MMAs pay tiered rates that rise with your balance, so bigger deposits often earn more than they would in a standard savings account.
- Parking cash between investments: A high-yield money market account at Salt Lake City, Utah institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 23 institutions in Salt Lake City, Utah report money market rates to our database.
- No rate lock-in risk: Unlike a CD, your rate moves up with the market if rates rise further.
Consider an Alternative If…
- You want a locked-in, guaranteed return Salt Lake City, Utah CD rates
- You don’t need check writing and want a lower minimum Salt Lake City, Utah savings rates
- You need daily transaction access Salt Lake City, Utah checking rates
Utah Financial Snapshot
Local demographics and economic context for savers . Source: U.S. Census Bureau (state-level data shown; city data not available)
11.9% of residents are 65 or older, below the national average of 17.3%; a low unemployment rate of 3.5% reflects a strong local economy with solid savings capacity. At today’s UT high-yield money market average of 3.263%, saving 10% of the local median salary ($4,371/year) would earn an additional $143 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Money Market Accounts vs. Other Salt Lake City, Utah Options
How money market deposit accounts compare to other deposit products available at banks and credit unions in Salt Lake City, Utah.
| Feature | Money Market | High-Yield Savings | Standard Savings | CD (12-Month) |
|---|---|---|---|---|
| Current UT Avg APY | 3.263% | View Savings Rates | 0.850%(Standard MMA) | View CD Rates |
| Rate Type | Variable | Variable | Variable | Fixed for term |
| FDIC / NCUA Insured | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K |
| Withdraw Anytime | ✓ Yes | ✓ Yes | ✓ Yes | ✗ Penalty applies |
| Check Writing | ✓ Often yes | ✗ No | ✗ No | ✗ No |
| Debit / ATM Card | ✓ Often yes | Some institutions | ✗ Rarely | ✗ No |
| Typical Min Deposit | $0 to $2,500 | $0 to $100 | $25 to $100 | $500 to $1,000 |
| Rate Risk | Variable, moves with Fed policy | Variable, moves with Fed policy | Variable, moves with Fed policy | None, locked for term |
| Best For | Active savers wanting flexibility + check writing | Emergency fund, short-term goals, parking cash | Everyday saving, low-balance accounts | Locking in a rate for a defined period |
APY data reflects Salt Lake City, Utah averages tracked in our database as of October 14, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Salt Lake City, Utah Money Market Account Calculator
See how much a money market account can earn you. Enter your deposit, monthly contribution, and time frame, or click any current Salt Lake City, Utah rate on the right to apply it instantly. Interest compounds monthly.
Assumes monthly compounding and a constant APY for the full period. Money market rates are variable and can change at any time, so actual earnings will differ. Estimates are for informational purposes only.
Money Market & Savings Calculators for Salt Lake City, Utah
At UT’s top money market rate of 4.00% from Chartway Credit Union, a $10,000 deposit earns $400 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Salt Lake City, Utah earner is roughly $10,900. At 3.263% APY in a money market account, saving $910/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. Liquid Deposit AccountUtah’s high-yield money market average is 3.263% APY, variable, always accessible, and often with check-writing. A local CD may offer a higher fixed yield in exchange for locking in your deposit. Compare both side-by-side to find the better fit for your timeline.
Budget CalculatorBefore you can grow your savings, you need to know how much you can set aside each month. The median Salt Lake City, Utah earner makes $43,714/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 3.263% APY.
Retirement PlannerA $25,000 money market balance earning 3.263% APY grows to roughly $47,517 over 20 years with compounding. See how your current savings trajectory lines up with your retirement income needs.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Salt Lake City, Utah money market rate tables are free for consumers to use, and we do not receive payment from any financial institution to be included or to be ranked in any particular order. Listings are based solely on the rates each institution publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Money Market Rate Data: We aggregate money market deposit account rates for Salt Lake City, Utah directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every money market rate displayed on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available yields in Salt Lake City, Utah. We feature a comprehensive mix of institutions from neighborhood credit unions and mid-sized regional banks to large national institutions available to savers in UT.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update money market rates daily. Because MMA yields can fluctuate rapidly based on market conditions, every product listed features its own specific “last updated” date, giving you complete transparency.
Frequently Asked Questions about Money Market Accounts in Salt Lake City, Utah
What is a Money Market Account (MMA)?
Are Money Market accounts in Salt Lake City, Utah safe?
How often do MMA rates change in Salt Lake City, Utah?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in Salt Lake City, Utah?
Can I lose money in a Money Market Account?
What is the difference between a Money Market Account and a Money Market Fund?
Do I have to pay taxes on money market account interest?
Are online banks better than local banks in Salt Lake City, Utah for money market accounts?
Best Money Market Rates in Salt Lake City, Utah
- Chartway Credit Union
Money Market Plus: 4.00% APY - Cyprus Federal Credit Union
Business Sweep Money Market: 4.00% APY - Granite Federal Credit Union
Business Builder Money Market: 4.00% APY - Utah First Federal Credit Union
Money Market: 3.90% APY - America First Federal Credit Union
Business Money Market Savings: 3.90% APY
Salt Lake City, Utah Rates & Resources
